Economy

"I don't want them to go higher because at a certain point you make it where people don't buy," Trump told reporters at the White House

IMED data shows March expenditure and overall rate is among the poorest in recent memory

The statement comes as the White House threatens up to 245% tariffs on Chinese imports due to its retaliatory actions

Powell says that economy is slowing in Q1, and can wait for greater clarity

Annual retail inflation in March eased to 3.34%, below economists' estimate of 3.60%. The print was the lowest since August 2019

Solid consumption and industrial output saw the growth rate at 5.4% year-on-year, but Trump’s tariff shock is likely to hit the crucial export engine

Beijing strikes back with steep tariffs as a deepening US-China trade war rattles global markets and fuels fears of inflation and recession

Consumer confidence plunges as inflation fears soar and trade tensions escalate to levels not seen since the 1980s